News

October 17, 2024

Vay secures €34m European Investment Bank loan to bring 'teledriven' cars to Europe

Europe has been slower to create a clear regulatory framework for remote driving technology compared to the US

German driverless car startup Vay, which rolled out its first commercial service in Las Vegas in January 2024, has raised €34m in debt from the European Investment Bank to build out its service in Europe.

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Miriam Partington

Miriam Partington is a senior reporter at Sifted, based in Berlin. She covers the DACH region and the future of work, and writes Startup Life , a weekly newsletter on what it takes to build a startup. Follow her on X and LinkedIn

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